Tips Monday News Today

Canada's cost-of-living pressures are impacting some people's ability to pay down debt and keep their credit scores in good standing.

The number of Canadians contributing to registered retirement savings plans or RRSPs in 2022 shrank overall, a new report by Statistics Canada shows.

It’s not so much about how much you need to save for retirement; rather, it’s more about how much you think you’ll be spending in retirement.

Valley First Wealth Planning Specialist and former CFL'er Jay Christensen said, however, there's hope and there's no time like the present to start planning. 

Learning about financial literacy takes time, but, in the end, it’s well worth the personal investment.

According to Statistics Canada, the recovery seen by Canada following the first year of the pandemic produced uneven income gains. 

The new vehicle market remained hot in September, according to DesRosiers Automotive Consultants Inc., with vehicle sales jumping 19 per cent in the month on an annualized basis.

In Canada, a person’s credit score is determined by two credit reporting bureaus: Equifax and TransUnion.

Valley First, a division of First West Credit Union, has put together a wildfire response team to handle inquiries during this trying time.

Statistics Canada data indicates that for every dollar the average Canadian household has as disposable income, $1.85 is owed in credit market debt.